Hedge Funds Flock to Financials in Q3

(Hedgeweek)S&P Global Market Intelligence’s latest Hedge Fund Tracker analysis shows hedge funds bought USD2.2 billion in financials sector stocks, USD1.8 billion in energy sector stocks, and USD1.7 billion in healthcare sector stocks in Q3. In all, seven of the 11 sectors of the S&P 500 saw net buying among large hedge funds. In total, the top funds managed approximately USD167 billion in equity holdings at the end of the quarter, up USD13 billion from Q2 2017.

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